JPY & AUD – Election in Australia Lurking In The Wings

The JPY continued to trade in a strong manner on Monday as it gained against the USD. Asian bourses have reflected their international counterparts and have been largely uninspiring. The strength of the Yen continues to raise eyebrows and the Japanese government has once again proven that they do not have a unified policy to deal with the circumstances. The AUD has largely traded in range as the national election in Australia lurks in the shadows for this coming weekend. Gold has been strong as safe haven trading appears to be back in vogue with the precious metal.